However, if population and productivity are growing you still have a problem.
These include a lack of underlying demand for credit and an ageing population with slow productivity growth, which does little to inspire investment.
And a country can grow only two ways: working population growth, and productivity.
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Economic growth is driven by two factors: productivity and population growth.
Although the Japanese economy may continue to reap the benefits of productivity gains, population growth is not in the cards.
China's growth rate is bound to slow in coming years as its working-age population starts to shrink and productivity growth declines.
If half of the population is locked into low-productivity work, overall growth will obviously be limited.
The pro-immigration view (which, again, I share) is as much a productivity view as a population view.
Inventory the user population and the needs for office productivity software whether it be casual, light or heavy.
Global finance is struggling to keep up with population growth and the lack of productivity across nations is resulting in slowing economic growth.
Certainly the warm period increased the productivity of crops which led to an increase in population, the subsequent cooling (and more importantly, change in rainfall patterns) reduced agricultural productivity and led to hunger and starvation.
What creates growth is private investment, increases in productivity, and increases in population.
The islands, lying between the Antarctic and Subtropical Convergences and the seas, have a high level of productivity, biodiversity, wildlife population densities and endemism among birds, plants and invertebrates.
To break through the limits to growth imposed by population decline a quantum rise in per capita productivity is needed.
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Over at Economics One, Stanford economics professor John Taylor offers a more positive take, defending the goal and offering a recipe for achieving it: 1% from population growth, 1% from employment growing faster than the population, and 2.7% from productivity growth.
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Cramming more population on the same area of lands drives down farm productivity, drives up the relative price of food and makes the common people poor again.
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The biggest challenges will lie in Africa - where agricultural productivity has been falling and 30% of the population is permanently under-nourished.
Economists have countless ideas on how government might do things to improve productivity growth, but the idea of using government to improve population growth is, quite simply, taboo.
The country still faces a productivity crisis and it will take years to get a quarter of its population out of the jobs line and back into the workforce.
If you are a country facing a population decline (like Japan), to keep your GDP growing you have to increase your productivity even more.
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